Up to 150 new homes could soon provide a boost to the on-going regeneration of Swansea's River Tawe corridor as Pipehouse Wharf finds a buyer.
Swansea Council will now start detailed discussions with Coastal Housing Group after agreeing to conditionally sell the Pipehouse Wharf depot to them.
Surveys will take place in coming months at the 4.33-acre site, exploring the areas in terms of archaeology and drainage.
Coastal Housing Group’s plans for the Pipehouse Wharf site could see the construction of a mixture of accommodation that addresses the housing needs of the local area, as well as a selection of properties providing much-needed affordable housing for the local community.
Cllr Rob Stewart, Swansea Council Leader, said: "Following the new Morfa Distributor Road's recent opening, the conditional sale of Pipehouse Wharf to Coastal Housing Group is a further boost for on-going plans to regenerate the River Tawe corridor.
"The river has been an underused resource in Swansea for too long, so we're determined to work with our partners to maximise its potential in future by opening up land for developments and facilities including housing, riverside walks, water-based activities, restaurants, landing stations and boat trips.
"The scheme proposed by Coastal Housing Group will help us realise that goal, while also tackling Swansea's need for more affordable housing across the city.
“Detailed negotiations and surveys will now take place as we look to secure an exciting future for the Pipehouse Wharf site."
Council staff based at Pipehouse Wharf are being kept updated, with relocation options to other premises now being explored.
Cllr Stewart said: "The conditional deal for Pipehouse Wharf is part of an on-going review of our land and property as we look to become a more streamlined and efficient organisation than ever before, with all proceeds from sales being reinvested back into council services for the benefit of Swansea residents as a whole.
"Our staff at Pipehouse Wharf will be kept updated on any news that affects them, with relocation options in future now being considered."
Gareth Davies, director of development at Coastal Housing Group, added: "As well as a housing association which manages stock, Coastal maintain an active policy of seeking land for development to address the acute need for housing across our communities.
"We are always looking for areas that provide opportunities for urban regeneration and new housing, particularly in Swansea, and Pipehouse Wharf presents a great opportunity."